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The career rise of billionaire Steve Cohen, the hedge fund legend who owns the Mets [Yahoo! Finance]

GE Aerospace (GE) More Company Research Source: Yahoo! Finance

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Cohen has an estimated net worth of $14.8 billion, per the Bloomberg Billionaires Index. His fund, SAC Capital, pleaded guilty to securities fraud in 2013, though Cohen was not personally charged. Billionaire Steve Cohen is known on Wall Street for being one of its most successful traders. The 68-year-old runs the $39 billion hedge fund Point72 Asset Management and was famously dubbed the " hedge fund king " in 2006 due to his grand slam returns. Cohen started his first hedge fund, SAC Capital Advisors, in 1992 with $25 million and grew into a financial behemoth. Cohen, however, eventually found himself in a legal battle with the Securities and Exchange Commission over insider trading and fraud charges against his firm in 2012. As part of a $1.8 billion settlement in 2013, the firm pleaded guilty to insider trading and Cohen agreed to an SEC ban on managing outside investments for a period of time. In 2014, he converted SAC into a family office and launched its successor, [Read more]

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